Industry

…Expert advocate Stringent Policies to curb further leakage -By Fred Ojiegbe Oil revenue has over the years been the highest revenue earner for Nigeria, a development which has led to over-dependence of the country on the oil sector,…
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-By Fred Ojiegbe Decades of clamour for the review of government’s share of revenue under the Production Sharing Contracts (PSCs) between the various oil companies operating in Nigeria and the Nigerian National Petroleum Corporation…
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-By Fred Ojiegbe Indications have emerged that a growing demand for renewable sources of energy, coupled with rising fuel efficiency and a transition to electric vehicles, will hit the oil sector. Consequently, demand for oil would slow…
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-By Gideon Osaka Nigeria took a two-rig leap as its rig count rose to 17 in September, as against 15 recorded in August. This is coming at a time the Organisation of Petroleum Exporting Countries, OPEC took a five-rig leap, having…
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Buhari laments non-implementation of sector’s plan Nigeria’s oil and gas sector is facing a dismal future as projects worth over $163 billion remain in limbo amid worsening investment drought. The development, which has already…
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… Says Deep Offshore Act Amendment Long Overdue The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on oil and gas professionals in the Country to…
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*How women can compete favourably in the oil and gas industry…Report -By Aisha Sambo The global oil and gas industry may be inclined towards recruitment of more women in the near future, if the report of McKinsey Research is…
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-By Adeniyi Onifade The Nigeria Content Development and Monitoring Board, NCDMB, is committed to increasing women participation in the nation’s oil and gas sector, the Executive Secretary, Simbi Wabote said. Speaking at the maiden…
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-By Gideon Osaka Rystad Energy estimated that as much as $100 billion can be eliminated from exploration and production upstream budgets through automation and digitalization initiatives in the 2020s. Service companies are…
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-By Gideon Osaka TGS has fired the first shot to commence a new survey in the MSGBC Basin, offshore north-west Africa. The Senegal Ultra-Deep offshore 3D survey covers over 4500km2, with a modern broadband acquisition set-up. It is…
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